Wells Fargo will expand access to a financial planning tool to its nearly 70 million customers after initially offering it to wealth clients earlier this year, the bank said on Thursday.
India’s central bank said on Thursday it has imposed a penalty of 53.9 million rupees ($647,762.58) on Paytm Payments Bank for non-compliance with some provisions, including Know Your Customer (KYC) directions.
Wall Street bonuses could fall 16% this year as interest rates possibly staying higher for longer threatens the performance of financial companies, according to New York State Comptroller Thomas DiNapoli.
Goldman Sachs appears headed to another set of weak quarterly earnings as deal-making lags and the bank retreats from a loss-making consumer business. Goldman is expected to report third-quarter earnings per share (EPS) of $5.31 when it reports results on Tuesday, according to average estimates compiled by LSEG. That would reflect a 36% decline from its EPS of $8.25 a year earlier.
Large, established asset managers that have been slow to cash in on investor demand for exchange-traded funds are now trying to grab a slice of the market with a flurry of new ETFs and also by converting existing mutual funds into ETFs.
International Monetary Fund Managing Director Kristalina Georgieva on Thursday said consensus was growing in sovereign debt restructuring discussions on issues such as the comparability of treatment of private and public creditors.
Citigroup Inc said on Thursday that its board of directors will meet in Singapore for the first time since 2011 as a show of commitment to the city state.
Money transfer company Wise Plc on Thursday raised its annual profit growth forecast after growth in active customers boosted second-quarter income by 51%.
Inter-American Development Bank (IDB) President Ilan Goldfajn said the financial institution can expand its lending capacity to as much as $112 billion over a decade once it secures fresh capital from shareholders for its private arm.
Proxy adviser Institutional Shareholder Services (ISS) said on Wednesday it was recommending that Mediobanca investors vote in favour of the outgoing board’s slate of nominees for the Italian bank’s new board.
